September 11, 2009

What will healthcare reform ultimately be? Did Obama's speech mark a new phase of progressive advance or a capitulation?

You can try to understand what Obama said. You can ask the people who get paid telling you what you should believe.

Or you can ask the capitalists themselves. They do answer:

SAN FRANCISCO (MarketWatch) -- Health-insurer shares advanced Thursday after President Barack Obama laid out his proposals for health-care reform in a speech that analysts said didn't add any new dangers to managed care companies' bottom lines. ( Marketwatch)

Of course, capitalists can get it wrong too. And they may change their mind next week. Still, I think it is a good idea to take them seriously, because, unlike the president, money talks through a single side of its mouth.